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Regulation CC can seem straight forward, but examiners are still finding weaknesses and violations. This webinar will describe the requirements for applying check holds, explain an easy-to-implement monitoring process, dissect the required funds availability policy, and cover substitute check requirements. Reg CC holds are an important tool to protect assets. Learn how to handle them with confidence! This fast-paced update will also ensure staff members comply with annual training requirements.
HIGHLIGHTS
Components of the various notices required by Regulation CC
Explanation of a case-by-case hold and the six exception holds
Monitoring process to quickly evaluate the accuracy of a hold
How to audit for Regulation CC, including your processing system
Disclosure requirements for substitute checks
General provisions governing substitute checks
Training ideas for frontline staff
TAKE-AWAY TOOLKIT
Reg CC color-coded cheat sheet for determining the appropriate hold period
Sample Regulation CC policy, including Check 21
Monitoring checklist for quickly reviewing the accuracy of each hold
Substitute check claim form
Worksheets with sample transactions to test hold knowledge, complete with answer key
Employee training log
Quiz you can administer to measure staff learning and a separate answer key
Attendance verification for CE credits provided upon request.
WHO SHOULD ATTEND? Compliance officers, frontline staff, new accounts personnel, deposit operations employees, and auditors.
ABOUT THE PRESENTER – Molly Stull, Brode Consulting Services, Inc., began her career as a teller while working on her undergraduate degree and has continued working in the financial industry ever since. She has experienced the growth of a hometown bank, acquisitions of branches, mergers, charter changes, name changes, etc. Molly has activated business resumption plans, performed secondary market quality control reviews, processed wires, filed SARs, and coordinated reviews with external auditors and examiners. Her favorite role has always been educating staff and strongly believes that if staff understands the reason for a process they will be more compelled to follow the procedures. Molly has holds a Bachelor’s from the University of Akron and an MBA from Ashland University.
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